Recording Multiple Temporary Differences, Change in Enacted Tax Rate - Prepayment of Year 2 rent in the amount of $24,000 in Year 1 . - Installment sale totaling $36,000, with cash collections expected in two equal amounts in Year 3 and Year 4. The enacted tax rates are 25\% in Year 1, 30\% in Year 2, and 40% in Year 3 and thereafter. Required a. Record the income tax journal entry on December 31 of Year 1